Sunningdale Tech has, for the FY2020 ended December, posted earnings of $31.5 million, almost four times higher than earnings of $8.0 million for the FY2019. Earnings for the 2HFY2020, similarly, spiked 180.6% to $23.2 million from the 2HFY2019’s earnings of $8.3 million. 2HFY2020 revenue increase...

Activist investor Quarz Capital Asia has sold more than half its share holdings in Sunningdale Tech as the company nears privatisation by its chairman Koh Boon Hwee and Novo Tellus chairman Loke Wai San.  The fund sold over 7.4 million shares in the company on Feb 23 at $1.64 per share, leaving...

Sunningdale chairman Koh Boon Hwee has successfully obtained shareholders’ approval to proceed with the privatisation of the company via offeror Sunrise Technology.  Sunrise is owned by Koh and Novo Tellus chairman Loke Wai San, who is also a non-independent director on Sunningdale’s board....

SOME 51.2 per cent of Sunningdale Tech scheme shareholders present at Friday's scheme meeting voted yes to take the mainboard-listed company private. This is just slightly over the 50 per cent threshold required for the scheme to pass.

Quarz Capital Asia announced that it has sold yet another 60,000 shares at $1.63 per share, reducing its stake from 15,211,700 shares to 15,151,700, or 7.866%, according to a Feb 19 filing. Following Sunningdale’s request for a trading halt before market open on the same day, the activist investor...

THE following companies saw new developments that may affect trading of their shares on Wednesday:

ACTIVIST investor Quarz Capital Management has reduced its stake in Sunningdale Tech just about a week before the scheduled extraordinary general meeting (EGM) convened for investors to vote on the private equity buyout of the precision plastic components maker.

ACTIVIST investor Quarz Capital Management has reduced its stake in Sunningdale Tech just about a week before the scheduled extraordinary general meeting (EGM) convened for investors to vote on the private equity buyout of the precision plastic components maker.

Quarz Capital Asia, a substantial shareholder of Sunningdale Tech, has trimmed its stake in the company. Quarz on Feb 15 sold 69,000 shares at $1.63 apiece in the open market, which is two cents lower than the revised offer of $1.65 put on the table by Sunningdale’s chairman Koh Boon Hwee. With th...

THE following companies saw new developments that may affect trading of their securities on Friday: